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CSPAN
Dec 5, 2012 1:00am EST
implemented. there was no medicare. it has been pretty stable since 1980. it goes up and down with the business cycle, but it is pretty stable. this is the division between the right and left. who will continue to fight about bigger government and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place to actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part
CSPAN
Dec 6, 2012 1:00am EST
whom? second, what medicare and other spending cuts would you propose? people propose large numbers and never fill in details. but we have filled in the details with our first step. let them tell in the details of their first step. they have not done either, so it is not much of an author -- an offer. >> they did not include having the top rates go up on the wealthiest americans. their proposal goes right back to that class. charitable deductions, mortgage relief and legislation i have had them place -- in place. there is a whole range of things you have to go through. that is the point. we are not going to do that. we have to make sure that the wealthiest help pay down this large deficit. we have large discussions going on in the senate at various places. we know what the parameters are. the president is ready, willing, and able to sit down and negotiate this. >> the statement, we have done something. we want every tax rate to go up. the interesting part, we agree it should not go up. we disagree on the top 2%. why don't we go where we agree and make sure those folks in the middle clas
CSPAN
Dec 7, 2012 6:00am EST
think that there are significant reforms in medicare, medicaid, agricultural subsidies, and other programs in the budget. those are difficult things to implement. it takes a lot of guts to propose those things. i would not discount them. they are important. to answer your question more specifically, we do name or spending cuts to get to my ideal. -- we need more spending cuts to get to my ideal. >> policymakers need to reform entitlements. i do see members of the other party -- most notably, mr. hoyer --he said, not now. they are on the table for a later discussion. i have been disappointed that a lot of the discussion seems to be on the revenue side and not really on the cutting side. really quickly, the debt ceiling. there is something about your testimony that caught my attention, which is your support for the initiative offered by senator rob portman. lawmakers can adopt a version of the so-called dollar rule to address the 2011 debt ceiling. policymakers could agree at the beginning to cover that here -- year's budget. they could -- adopting some form of this rule would be a
CSPAN
Nov 28, 2012 8:00pm EST
. last week, the president's chief political adviser indicated that medicare and medicaid are the main drivers of our deficit. i know we have seen this morning also several editorial writers indicate the same, that it is important that we put these drivers of the deficit on the table and include them as part of any agreement to avoid the fiscal cliff. as the speaker said, we have done our part. we have put revenues on the table, something we did not do two years ago during the debt ceiling negotiation. we still believe that it is most important for us to address the economic situation in this country where so many people are out of work. that is why we take the position and believe strongly that increase in marginal rates i, income-tax rates, is not the way to produce growth and put people back to work. but we have not seen any good faith effort on the part of its administration to talk about the real problem that we're trying to fix. i am told mr. bowles, some of us will meet with him later today, said earlier this morning there has been no serious discussion by the white house on ent
CSPAN
Dec 5, 2012 6:00am EST
see it in the government with medicare and social security. no one is arguing we have to cut medicare and social security taxes because they see them tied to something very specific. it goes into a trust fund used for their benefit. in the process of this, if you could print this discussion much -- if you could bring this discussion much more fully home -- it is more than just fixing that, and that is a specific use of it, bringing it home to some actual uses of this fund, how are you going to make the social security trust funds solvent over a long period, making it work, you would find resistance to this stuff a great deal less. >> do you think the president has made that connection with the outreach he has done since the election or during the election? >> no, it is still in a class warfare mode on both sides. bringing it home, thinking about what you are going to tell that person wherever you see them about this -- you can take the sting out of this thing by -- there are other people here who have political things that may have raised or not have raised taxes, but to me t
CSPAN
Dec 7, 2012 1:00am EST
is a significant driver of medicare escalating before us, what do you think should be done to control that inflation? i heard what you said about medicare. that is -- no matter what you do, you still have this inflation going on. it is major. >> let me say a few things. health care inflation in the last couple of years has slowed quite sharply. it has been about 3.5%. it is very positive developments. some of that probably is due to the weak economy, which means less demand for services. some of its likely is do to the affordable care act. there is growing evidence of that. we do not know for sure. there are some positive experiences in the affordable care act that could reap benefits. the insurance exchanges, the independent payment advisory board. we will have to see how that works out. most encouraged about the cadillac tax. this is a tax on gold-plated health insurance policies for folks like me. i get a very good health care package. if i get sick, i am unfettered in terms of my health-care consumption. it will make it more costly and i will start shopping for health care
CSPAN
Dec 6, 2012 8:00pm EST
2% and the extension of the medicare act and capital income. under the president's preferred tax policy, the top rate would go from 35% to 49.9% and for ordinary income from 15% to 25%. the long-term consequences of president obama's tax policies would have a profound and negative affect. capital stock would fall. fewer jobs and lower wages resulting in higher taxes would harm the middle class. data reveals three important facts of high income earners. the taxes on the wealthy raise as much faster than on everyone else during economic booms, but they also fall much faster during economic bust. people report more income when tax rates are low and not when they are high. there are better ways to increase federal revenues than hiking tax rates. congress could enact a program of tax reform that would lower rates and eliminate interest reductions. the president could open up more federal lands and offshore areas for energy exploration. his administration could take a more balanced approach to new regulations. economic growth can help solve our fiscal problems if the economy had grown
CSPAN
Dec 6, 2012 6:00am EST
specifically. he won't tell us. we already did over $700 billion in savings in medicare by stopping overpayments and doing a number of other things that focus on prevention. of course, we are willing to sit down and look at everything within the context of what's good for seniors and people. at this point, if they have line, show us what it is and be specific. we are being very specific. pass the senate bill. >> we have already done $1 trillion of cuts so we are not afraid of taking on the challenge is coming true. they have an opportunity today, right now, to make sure that middle-class america not only texas of our to do less but has a great christmas. and making sure they have a tax cut january 1. we have done $1 trillion and medicare and we have done our position on taxes and we're waiting for the specifics. it is pretty simple. >> will also passed a farm bill on the son of that which was bipartisan which almost -- with almost $24 billion in cuts which they can pass and have additional cuts. >> will there be any deal to raise the tops -- top tax rates? >> we ran an election on t
CSPAN
Dec 4, 2012 8:00pm EST
the interests of the middle-class and the protection of social security, medicare, and medicaid for the people who are in such desperate need of those great programs that are the hal. this is not a democrat or republican issue, the republicans need a map -- issue. compromise can be made to make sure we are putting people back to work, that chris christy and barack obama can get together on that. i know this is known firsthand of what is transpired and how the impact of our infrastructure has taken place on the eastern seaboard, it is something we ought to be able to rally around immediately. everyone deserves a $250,000 tax break. we all agree on that. why not just simply adopt it. then come back and we will have time to address the issues as they relate to bending on health care. and focusing on the vast inefficiencies, the fraud, abuse. $750 billion annually. the chairman, from my district, said, it would be a way for us both to bring down the deficit, but also make health care affordable, a sensible, and functional for the american people. something i believe we must do. with tha
CSPAN
Dec 5, 2012 8:00pm EST
, means testing on taxes? medicare for more affluent recipients, excluding my wife? >> let me just say that we would support a balanced approach, and it is important to point out, as senator warner did, that we have done over $1 trillion in cuts in the next 10 years which the president is committed to keeping. with respect to medicare, we do have a very different approach to dealing with medicare. there is no doubt we have to bring down medicare health-care cost growth. the difference is that we believe we should expand on the kind of reforms that we made in the affordable care act, where we achieved billion about $716 billion in savings, not simply by across the board provider cuts, but by changing the incentive structure, the way we pay providers so we focus on the value of care, not the volume of care. i think it is ironic that we have gone in the last four weeks from many of our republican colleagues criticizing the president for having done too much in savings on medicare, $716 billion -- their presidential candidate proposed putting that money back in, in other words adding $
CSPAN
Nov 29, 2012 1:00am EST
democrats provide votes to cut benefits to programs like medicare and medicaid? >> let me say that clearly, as gene sperling was sent today, the president is willing to look at what they're going to put forward in terms of revenues, but that has not been forthcoming, shall we say. with the president has been very clear is in terms of the impact on beneficiaries and beneficiaries are the people who are the recipients of medicaid, medicare, and social security -- we believe at most would agree that social security is not responsible for the deficit and should not be on at the table for discussion. with regard to the so-called entitlements -- i come from hartford, connecticut. this is a matter of insurance and it is a matter of actuarial assumptions. and i think when you look at things in terms of insurance and not entitlements, people were i come from say, wait a minute, i paid for this. that is my insurance that i paid for. now, there are actuarial assumptions you can make -- life span, various elements, wellness, exercise, preventative care. a number of things built into the afford
CSPAN
Nov 30, 2012 1:00am EST
of capturing medicare, that we know is off the table. even at mitt romney denied that one. if republicans insist on spending cuts being part of the down payment, the onus is on them to come forward with ideas. containsdent's budget 300 billion in savings. it is silly to think the president will negotiate with himself on entitlements. we done that would not happen. we are waiting for specifics somewhere from republican colleagues to show they're serious on negotiations. >> three weeks ago people sent a message, democrats to our set candidates and built campaigns are run the idea of budgets have to work for middle-class. republican campaigns were clear, too. their commitment to protecting the rich, the ryan but it was on the ballot and it was rejected. the american people voted for candidates who committed to fighting for the middle-class. it was clear they agreed with democrats the what they have to participate and pay the fair share. it is finally encouraging to hear republicans are too soft and rhetoric when it comes to crashes on the rich. i am hopeful the to the a lesson. r
CSPAN
Nov 29, 2012 8:00pm EST
vouchering medicare that we all know is off the table. even mitt romney denied that one as the campaign went on. if republicans insist on spending cuts the on news is on them to come forward with some ideas t. president's budget continues over $300 billion in health savings. if they don't like that they should make a counter offer. we know that won't happen. we are waiting for some specific somewhere from our republican colleagues to show that they are serious on negotiations. >> three weeks ago the american people went to the polling places and they sent a message. democrats from president obama to our senate candidates on down built their campaigns around the idea that budgets have to work for our middle class and that the wealthy need to pay their fair share. republicans were clear too their to protect the wealthny and it was rejected. the american people voted for the candidates who committed to fighting for the middle class and in exit polls they agree that the wealthy have to participate and pay their fair share. here we are at the end of the year and it's encouraging to hear some
Search Results 0 to 12 of about 13